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South Korea Revolutionizes Job Applications with Blockchain Digital Badge

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The government of South Korea has tapped blockchain technology to make the process of job applications easy for its people.

According to a local news report, the country’s Ministry of Science and ICT introduced “digital badges” powered by blockchain to revolutionize the job application process for the people of South Korea.

The Agreement
The initiative, announced on April 4, 2024, involves an agreement with government agencies like the Korea Internet and Security Agency (KISA), the Korea Employment Information Service, and the Human Resources Development Service of Korea.

The agreement aims to centralize employment-related information from various agencies into a unified digital badge service.

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According to the report, participating agencies will work together to link, integrate, and verify job-seeker data, promote verified information in the private sector, and ensure system interoperability.

The rollout of the digital badge service simplifies job applications in the country by offering users the opportunity to compile their documents and academic achievements electronically without the stress of physically printing the documents.

Previously, job seekers in South Korea had to print out various certifications, transcripts, and course completion records from different institution websites to attach them to their applications. However, the digital badge service has removed this hurdle, eliminating the need for physical paperwork.

Lee Jong-ho, the Minister of Science and ICT, expressed the ministry’s commitment to supporting and ensuring that the blockchain-based digital badge service provides tangible convenience and efficiency for citizens engaged in job-seeking activities.

South Korea to Expand Digital Badge Services
Before introducing digital badges, the country’s Ministry of Science and ICT launched a pilot program on April 2, 2024, through the qualification examination site Qnet. During the trial, the ministry offered verification services for over 1,000 types of certificates.

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The ministry said it plans to expand the system to include academic records, work experience, and training course completions in the future.

The planned expansion will allow job seekers to access and share all their credentials through a single web portal or mobile application.

Not the First
Meanwhile, South Korea has been making significant strides in the crypto sector since adopting blockchain technology.

Last month, the government announced plans to launch a crypto management system to track user information on digital asset trading platforms to ensure tax compliance. Managed by the South Korean National Tax Service (NTS), the tool is currently in development and will be launched next year.

In parallel, the city of Busan is undergoing a digital transformation by spearheading the development of a public blockchain in collaboration with local authorities. According to reports, the blockchain protocol will be compatible with popular layer 1 networks such as Ethereum.

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The second-largest city in South Korea has earmarked 100 billion won, approximately $75 million, for this initiative, aiming to establish itself as a blockchain city.

Source: coinspeaker.com

The post South Korea Revolutionizes Job Applications with Blockchain Digital Badge appeared first on HIPTHER Alerts.

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MamaBull Token to Reimagine Crypto with the Game-Changing Mamapay.io Platform

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Bybit Introduces Blockchain-Powered Payment Solution in Brazil with PIX Compatibility

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Bybit Launchpool Introduces OBT and SOSO Rewards Through bbSOL Staking

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Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation

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Humanity Protocol, a decentralized identity blockchain solution, is today announcing the successful closure of its latest $20 million funding round, co-led by Pantera Capital and Jump Crypto at a $1.1 billion fully diluted valuation.

This investment represents a vote of confidence in Humanity Protocol’s mission to redefine decentralized identity and unlock new possibilities for secure, inclusive, and user-owned blockchain ecosystems. It follows the recent announcement of the Humanity Foundation’s formation, led by Yat Siu, Mario Nawfal, and interim CEO Yeewai Chong.

The funding will accelerate Humanity Protocol’s development of Proof of Humanity, Human ID, and seamless integrations with leading Web3 platforms. With the support of Jump Crypto and Pantera Capital, Humanity Protocol is poised to scale its operations, expand its global reach, and drive adoption across industries beyond Web3.

As Humanity Protocol continues to grow, the funding will also support upcoming initiatives, including partnership announcements, developer grants, and community-building efforts leading up to the protocol’s mainnet launch.

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Both Pantera Capital and Jump Crypto bring extensive expertise in blockchain, Web3 infrastructure, and strategic scaling, making them ideal partners in Humanity Protocol’s next growth phase.

“At Humanity Protocol, we’re committed to empowering individuals with digital identities that are truly their own,” said Terence Kwok, Founder of Humanity Protocol. “This investment from Jump Crypto and Pantera Capital brings us one step closer to realizing a future where trustless, decentralized identity solutions are the norm. We’re honored to have the backing of such visionary investors who share our belief in the transformative potential of Web3 technologies.”

“At Pantera Capital, we are excited about all the ways that blockchain enables a future AI-driven world, and Humanity Protocol is leading the way,” added Cosmo Jiang, General Partner at Pantera Capital.

The post Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation appeared first on News, Events, Advertising Options.

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